derry

Derby's holding company went into administration but the football club didn't, there was no points deduction.

Is it the one's you didn't name that you thought might not happen:rolleyes:?

The football league/FA will be very careful about imposing a penalty on a 'club' that doesn't go into administration. If they do, stand by for a court case, as their rules insist that holding company administrations are unconnected to 'clubs' which are separate trading entities. Southampton FC in accordance with the rules have been set up as a company in it's own right and as long as it is trading, solvent and pays it's 'football related debts' in full, would fulfill all the criteria, therefore the FA/League would not be able to interfere, without the danger of being sued and should it be proved relegation happened as a consequence of their unlawful actions would have to pay large damages.

Isn't it just, nice to be able to look forward without that ***** and his cronies blocking anybody coming in.

Hoo bloody ray, maybe the club can move on now.

Doesn't say they have resigned from the club board yet.

Football debt, other clubs, players etc not other debt like overdrafts, tax, mortgages etc.

We only win when there is a protest, so if Lowe and Wilde are gone we need something to protest about. Definitely need a protest, maybe we don't want Lowe or Wilde back aimed at the administrator if it happens.

Buy Bournemouth and move to SMS. The land is covented by the previous owners, which would have to be bought out to allow the site to be sold for anything else.

It doesn't matter as the club is not in administration. Just think of say RBS going into administration, if they owned a hundred companies all trading and solvent, one a football club, the FA/League would have no reason to get involved as long as the club wasn't in administration.

As long as the football club remains trading out of administration the FA can do sod all. They insisted the club was set up as a separate entity with it's own directors and finances subservient to FA rules, it is owned by the PLC but solvent and operating within the rules.

It's possible and I believe there was a meeting with the bank about the overdraft, where the directors were asked to invest but declined. Crouch went public about putting in £2m if the other two did the same, it's possible that Crouch etc have a hand in this. Just maybe the bank see this as a preliminary to money being invested and a way of getting rid of the blocking force to any realistic investment, allowing the sale of the company, reorganising the debt and getting their money back in due course.

The FA can hardly complain now, it was to comply with the FA's rules that the Football Club had to be an independent company from the PLC with it's own board and finances and football responsibilities subservient to the FA rules. They are responsible for the separate entities and have shot themselves in the foot provided the football 'club' doesn't go into administration and continues to trade legally.

SLH is not the football club it is the PLC that owns the FC. If the football club pays it's football related debt then there would be no need for the FA to be involved. In that case not only would there be no automatic points reduction there would be no case for further reductions next season as long as the FC doesn't go into administration. We are past the deadline for an automatic reduction this season and any reduction would be applied next season, provided the club was relegated. If the club was not relegated the points would be deducted this season and if that relegated the club, that would happen.

When SISU were looking at Coventry, prior to the takeover being agreed the bank kept the club going and paid the salaries.

I thought it had been announced after the meeting today broke up. In any event it seems it is a shoe in, either that or a buy out in some form.

Rupert Lowe and his associates are no longer in a position to put an inflated price on their shares. The administrator can sell SLH and SFC for the best price he can get to enable them to continue. Maybe now we will be able to see a buy out without the Lowe blocking vote and move on.

He is no longer in charge, the appointed administrator is in charge and as SFC is a wholly owned subsidiary, he is also effectively in charge of that as well, despite it technically not being in administration'

If the football related debts are paid in full or an acceptable staged payment agreed with the creditor to settle the debt in full, the FA would have no reason/case to take any action under their rules.

Or he could be rusty, he hasn't played for awhile.

Portvliet detested Wotte. My post made no comment, it was a correction to an innaccurately given statistic. Wotte will be judged on the final position.

Harewood to Wolves is far better than Harewood to Forest as far as we are concerned.

Interestingly, John Barnwell on Sky tonight said that good managers and players need a good stable club. Any club with a background of dissent is on an irreversible downward spiral. We should change our name to Ego Disaster FC.

Wotte's record is P11 W3 D5 L3, 14 points. Started at Norwich on 27th Jan.

The run in sticky